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...The company also diversified into oil tankers. However, slumps in earnings for dry bulk carriers and in oil prices have left the company scrabbling to stay afloat....
...Robert Bugbee, chief executive of Scorpio Bulkers and Scorpio Tankers, two listed shipowners, sardonically thanked private equity firms for their “charitable contributions”....
...With the differential now less than $2 per mBtu that interest in the USA is waning,” Mr Regan says. Would-be exporters are striking a confident tone....
...However, the price decline may prove short-lived, as a key Chinese insurer is reportedly halting the sale of indemnity coverage for tankers transporting oil from Iran (Reuters)....
...But thanks to Hank Paulson, Tim Geithner, and the rest of Team USA, that risk is no longer seen to be a problem....
...Reprinted by arrangement with The Penguin Press, a member of Penguin Group (USA), Inc. Copyright (c) Alan Greenspan, 2007....
...Crude oil futures fell yesterday after Hurricane Dennis missed oil production platforms, petroleum refineries and oil tanker traffic in the Gulf of Mexico, easing fears about a significant disruption to...
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